LONDON--Copper futures were higher at the close of London Metal Exchange trade Wednesday, although gains were capped by concern over the health of the U.S. economy. The LME's three-month copper contract was up 0.5% at $6,915 a metric ton at the PM kerb close. Copper prices initially fell after some downbeat U.S. economic data dented expectations for raw-material demand in the country. The U.S. economy shrank at a faster pace in the first quarter than previously estimated, contracting 2.9% compared with expectations of a 1% drop. The figure cast doubt on official projections for growth of 2% in 2014. Another report, showing lower-than-expected demand for durable goods in May, added to the picture of an uneven recovery. Copper prices staged a small recovery late in the session, however, helped by a weaker dollar and some buying by investors looking to boost their exposure to the red metal ahead of the month's end, said a London-based trader. Copper is priced in dollars, making it more affordable to other currency-holders when the greenback softens. The impact of Wednesday's U.S. GDP reading was likely also limited by more recent signs of an uptick in the U.S. economy, said INTL FCStone analyst Edward Meir. "The GDP revision is relatively old news and the weakness does not seem to be spilling over into 2Q, which is why we think the number may not have much staying power," said Mr. Meir. için tanımlar

LONDON--Copper futures were higher at the close of London Metal Exchange trade Wednesday, although gains were capped by concern over the health of the U.S. economy. The LME's three-month copper contract was up 0.5% at $6,915 a metric ton at the PM kerb close. Copper prices initially fell after some downbeat U.S. economic data dented expectations for raw-material demand in the country. The U.S. economy shrank at a faster pace in the first quarter than previously estimated, contracting 2.9% compared with expectations of a 1% drop. The figure cast doubt on official projections for growth of 2% in 2014. Another report, showing lower-than-expected demand for durable goods in May, added to the picture of an uneven recovery. Copper prices staged a small recovery late in the session, however, helped by a weaker dollar and some buying by investors looking to boost their exposure to the red metal ahead of the month's end, said a London-based trader. Copper is priced in dollars, making it more affordable to other currency-holders when the greenback softens. The impact of Wednesday's U.S. GDP reading was likely also limited by more recent signs of an uptick in the U.S. economy, said INTL FCStone analyst Edward Meir. "The GDP revision is relatively old news and the weakness does not seem to be spilling over into 2Q, which is why we think the number may not have much staying power," said Mr. Meir. için eş anlamlılar

LONDON--Copper futures were higher at the close of London Metal Exchange trade Wednesday, although gains were capped by concern over the health of the U.S. economy. The LME's three-month copper contract was up 0.5% at $6,915 a metric ton at the PM kerb close. Copper prices initially fell after some downbeat U.S. economic data dented expectations for raw-material demand in the country. The U.S. economy shrank at a faster pace in the first quarter than previously estimated, contracting 2.9% compared with expectations of a 1% drop. The figure cast doubt on official projections for growth of 2% in 2014. Another report, showing lower-than-expected demand for durable goods in May, added to the picture of an uneven recovery. Copper prices staged a small recovery late in the session, however, helped by a weaker dollar and some buying by investors looking to boost their exposure to the red metal ahead of the month's end, said a London-based trader. Copper is priced in dollars, making it more affordable to other currency-holders when the greenback softens. The impact of Wednesday's U.S. GDP reading was likely also limited by more recent signs of an uptick in the U.S. economy, said INTL FCStone analyst Edward Meir. "The GDP revision is relatively old news and the weakness does not seem to be spilling over into 2Q, which is why we think the number may not have much staying power," said Mr. Meir. örnekleri

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LONDON--Copper futures were higher at the close of London Metal Exchange trade Wednesday, although gains were capped by concern over the health of the U.S. economy. The LME's three-month copper contract was up 0.5% at $6,915 a metric ton at the PM kerb close. Copper prices initially fell after some downbeat U.S. economic data dented expectations for raw-material demand in the country. The U.S. economy shrank at a faster pace in the first quarter than previously estimated, contracting 2.9% compared with expectations of a 1% drop. The figure cast doubt on official projections for growth of 2% in 2014. Another report, showing lower-than-expected demand for durable goods in May, added to the picture of an uneven recovery. Copper prices staged a small recovery late in the session, however, helped by a weaker dollar and some buying by investors looking to boost their exposure to the red metal ahead of the month's end, said a London-based trader. Copper is priced in dollars, making it more affordable to other currency-holders when the greenback softens. The impact of Wednesday's U.S. GDP reading was likely also limited by more recent signs of an uptick in the U.S. economy, said INTL FCStone analyst Edward Meir. "The GDP revision is relatively old news and the weakness does not seem to be spilling over into 2Q, which is why we think the number may not have much staying power," said Mr. Meir. çevirileri